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In a significant move, Russia has frozen the assets of major U.S. financial institutions operating.
On Wednesday, the Moscow Arbitration Court approved a request to freeze funds amounting to approximately $375 million held by prominent American banks, including JP Morgan Chase and the Bank of New York Mellon. This decision stems from a petition submitted by the Deputy Prosecutor of Russia, aimed at protecting the financial interests of the Russian state.
The legal action is closely tied to the ongoing situation with MR Bank, a Ukrainian subsidiary of Russiaâs Sberbank. The National Bank of Ukraine has expressed intentions to revoke MR Bankâs license and dissolve the entity by 2025. Russian authorities have raised concerns over what they claim to be the unjust expropriation of assets belonging to MR Bank. As a result, Russian prosecutors have initiated lawsuits against Ukrainian regulators and the involved U.S. banks, accusing them of unlawful actions that undermine Sberbankâs legal rights.
According to the lawsuits, Russian prosecutors argue that funds amounting to roughly $122 million held by JP Morgan Chase and another $253 million stored with the Bank of New York Mellon should be recognized as assets of Sberbank. They claim that these funds were wrongfully restricted, denying Sberbank and, by extension, the Russian government, access to the revenues and profits generated by MR Bankâs international operations.
The lawsuits emphasize that this restriction has led to a significant financial impact, as Sberbank has been deprived of proper judicial oversight over its Ukrainian subsidiary. This lack of control has effectively limited Sberbankâs ability to manage and benefit from the subsidiaryâs earnings, further escalating the dispute between Russia and the involved financial institutions.
#Russia #RussiaCrypto #U.S.UnemploymentNewLow #usa #WeAreAllSatoshi
The legal action is closely tied to the ongoing situation with MR Bank, a Ukrainian subsidiary of Russiaâs Sberbank. The National Bank of Ukraine has expressed intentions to revoke MR Bankâs license and dissolve the entity by 2025. Russian authorities have raised concerns over what they claim to be the unjust expropriation of assets belonging to MR Bank. As a result, Russian prosecutors have initiated lawsuits against Ukrainian regulators and the involved U.S. banks, accusing them of unlawful actions that undermine Sberbankâs legal rights.
According to the lawsuits, Russian prosecutors argue that funds amounting to roughly $122 million held by JP Morgan Chase and another $253 million stored with the Bank of New York Mellon should be recognized as assets of Sberbank. They claim that these funds were wrongfully restricted, denying Sberbank and, by extension, the Russian government, access to the revenues and profits generated by MR Bankâs international operations.
The lawsuits emphasize that this restriction has led to a significant financial impact, as Sberbank has been deprived of proper judicial oversight over its Ukrainian subsidiary. This lack of control has effectively limited Sberbankâs ability to manage and benefit from the subsidiaryâs earnings, further escalating the dispute between Russia and the involved financial institutions.
#Russia #RussiaCrypto #U.S.UnemploymentNewLow #usa #WeAreAllSatoshi
According to recent polls, Donald Trump appears to be trailing in the election. If Kamala Harris ends up winning, I believe Bitcoin, cryptocurrencies, and the stock market could suffer significant losses. A Harris victory might even put an end to the ongoing bull market.
#bitcoin #stock #trump #kamala #usa
#bitcoin #stock #trump #kamala #usa
đš Market Alert: Speculation on U.S.-Israel Strategy to Effects Iran Oil Industry đš
Recent remarks by President Biden about potential U.S. backing for an Israeli strike on Iranian oil infrastructures have rattled the global markets, leading to a significant 4.8% increase in WTI crude prices. The president's comments indicate ongoing discussions, though he hinted at the complexity and uncertainty of the situation with his cautious addendum, "We're discussing that. I think that would be a little... anyway."
He also emphasized the immediacy of the situation by stating, "Nothing will happen today," signaling that any actions would be deliberated further. This has introduced a layer of speculation that continues to stir volatility in the energy sector.
đ Key Developments to Monitor:
1. Await further statements from the U.S. government for clarification on their stance.
2. Keep an eye on oil price fluctuations as the market digests these geopolitical developments.
đŁïž Weigh In: How do you think these strategic discussions will impact oil prices moving forward? Drop your insights, predictions, or any tips below!
#IranIsraelConflict #usa #Israel #HBODocumentarySatoshiRevealed #WeAreAllSatoshi
He also emphasized the immediacy of the situation by stating, "Nothing will happen today," signaling that any actions would be deliberated further. This has introduced a layer of speculation that continues to stir volatility in the energy sector.
đ Key Developments to Monitor:
1. Await further statements from the U.S. government for clarification on their stance.
2. Keep an eye on oil price fluctuations as the market digests these geopolitical developments.
đŁïž Weigh In: How do you think these strategic discussions will impact oil prices moving forward? Drop your insights, predictions, or any tips below!
#IranIsraelConflict #usa #Israel #HBODocumentarySatoshiRevealed #WeAreAllSatoshi
OECD Considered 2024 as a Challenging Year!
Approaching 2024, the global economy presents a challenging and uncertain landscape. Drawing insights from the recent OECD report, let's delve into the key points shaping the economic narrative.
1. General Economic Overview: Continued Slowdown
OECD Estimate: OECD anticipates a slowdown in global economic growth, decreasing from the current year's 2.9% to 2.7% in 2024.
Challenges Ahead: Ongoing conflicts, persistent high inflation, and rising interest rates stand among the expected difficulties.
2. Regional Dynamics: Fabric of Change
đșđČ USA: Navigating Contrary Trends
Economic Slowdown: The U.S. prepares for a slowdown with the growth forecast dropping from 2.4% in 2023 to 1.5% in 2024.
Impact of Fed Policies: Repeated interest rate hikes since March 2022 echo as a constraint on the country's economic vitality.
đšđł China: Overcoming Challenges**
Slowing Growth: Economic giant China is expected to experience a moderation with growth decreasing from 5.2% in the current year to 4.7% in 2024.
Challenges Ahead: A housing crisis, increasing unemployment, and sluggish exports contribute to nuanced challenges faced by the world's second-largest economy.
đȘđș Europe: Navigating Stormy Seas
Persistent Fatigue: Eurozone copes with rising interest rates and soaring energy prices post-Russia-Ukraine invasion, contributing to global economic complexities.
Growth Forecast: The Eurozone's total growth forecast slightly surpasses the predicted 0.6% for 2023, standing at 0.9%.
3. Unforeseeable Factors: Geopolitical Tensions as a Major Threat
Geopolitical Risks: OECD issues a warning about the potential impact of geopolitical tensions, with the Israel-Hamas conflict taking the forefront. Escalation could lead to significant disruptions in energy markets and vital trade routes.
4. Reflection on Past Predictions: Navigating Uncharted Waters
OECD: 2023 growth is strong, but current economic situation moderately assessed due to tightening financial conditions and waning confidence.
#OECD #usa #China #europe
Approaching 2024, the global economy presents a challenging and uncertain landscape. Drawing insights from the recent OECD report, let's delve into the key points shaping the economic narrative.
1. General Economic Overview: Continued Slowdown
OECD Estimate: OECD anticipates a slowdown in global economic growth, decreasing from the current year's 2.9% to 2.7% in 2024.
Challenges Ahead: Ongoing conflicts, persistent high inflation, and rising interest rates stand among the expected difficulties.
2. Regional Dynamics: Fabric of Change
đșđČ USA: Navigating Contrary Trends
Economic Slowdown: The U.S. prepares for a slowdown with the growth forecast dropping from 2.4% in 2023 to 1.5% in 2024.
Impact of Fed Policies: Repeated interest rate hikes since March 2022 echo as a constraint on the country's economic vitality.
đšđł China: Overcoming Challenges**
Slowing Growth: Economic giant China is expected to experience a moderation with growth decreasing from 5.2% in the current year to 4.7% in 2024.
Challenges Ahead: A housing crisis, increasing unemployment, and sluggish exports contribute to nuanced challenges faced by the world's second-largest economy.
đȘđș Europe: Navigating Stormy Seas
Persistent Fatigue: Eurozone copes with rising interest rates and soaring energy prices post-Russia-Ukraine invasion, contributing to global economic complexities.
Growth Forecast: The Eurozone's total growth forecast slightly surpasses the predicted 0.6% for 2023, standing at 0.9%.
3. Unforeseeable Factors: Geopolitical Tensions as a Major Threat
Geopolitical Risks: OECD issues a warning about the potential impact of geopolitical tensions, with the Israel-Hamas conflict taking the forefront. Escalation could lead to significant disruptions in energy markets and vital trade routes.
4. Reflection on Past Predictions: Navigating Uncharted Waters
OECD: 2023 growth is strong, but current economic situation moderately assessed due to tightening financial conditions and waning confidence.
#OECD #usa #China #europe
đșđž Federal Reserve to launch 'FedNow' instant payments system in July.
#usa #BTC #federal #payments #crypto2023
#usa #BTC #federal #payments #crypto2023
đșđČ US Banks borrow record $164.8B from Fed backstop facilities in week ended March 15.
#Fed #usa #us #BTC #crypto2023
#Fed #usa #us #BTC #crypto2023
On March 14, 2023, the Government sold 9,861.1707894 BTC (of the 51,351.89785803 BTC) for a total of $215,738,154.98.
#usa #cryptoregulation #bitcoin #BullRun #cryptoonindia
#usa #cryptoregulation #bitcoin #BullRun #cryptoonindia
The US government has moved $1 billion worth of Bitcoin (BTC) it seized from the anonymous darknet marketplace Silk Road in 2021 and 2022.
#usa #cryptoregulation #BTC #nftcommunity #cryptoonindia
#usa #cryptoregulation #BTC #nftcommunity #cryptoonindia
The U.S. authorities have a total Bitcoin stockpile of 205,515 BTC, which is about 1% of BTC issuance.
Since 2020, the U.S. DOJ has seized about 215,000 BTC affiliated with criminal activity.
#BTC #usa #americaneconomy #crypto2023
Since 2020, the U.S. DOJ has seized about 215,000 BTC affiliated with criminal activity.
#BTC #usa #americaneconomy #crypto2023